Industry News

Study: The coast is still the most

Nation's strongest real estate conditions found in seaside areas

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

The nation's strongest residential real estate conditions remain concentrated in the West, the Northeast and areas of the South such as Florida and Virginia, said a study by the Federal Deposit Insurance Corp. issued Tuesday. In contrast, the Midwest continues to lag the rest of the nation in terms of economic performance, said the FDIC's State Profiles and a new companion publication, FDIC Regional Profile, issued Tuesday. The reports provide quarterly state-by-state and regional snapshots of economic and banking trends. The country's strongest labor, credit and residential real estate conditions remain solidly concentrated in the West, Northeast, areas of the South such as Florida and Virginia, and the Northeast and bank industry performance is also strongest in most of these regions, the study said. The Fall 2005 edition of FDIC State Profiles and FDIC Regional Profile highlight trends through the second quarter of 2005 and provide an initial assessment of the impact of Hurrica...